| Equals | GrossProfit | Less | OperatingExpenses | Equals | NetIncome | (b) Income measurement in a merchandising company differs from a service company as follows: (a) sales are the primary source of revenue and (b) expenses are divided into two main categories: cost of goods sold and operating expenses. 5. Sales revenue $100‚000 Cost of goods sold 70‚000 Gross profit $ 30‚000 6. Agree. In accordance with the revenue recognition principle‚ sales revenues are generally considered
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Zt can be expressed as a MA(∞) process of the form Zt = k=0 πk Xt−k Zt = ϕ(B) Xt = (1 − 1.2B + 0.2B 2 ) θ(B) ∞ ∞ 0.5k B k k=0 Xt = Xt − 0.7Xt−1 + k=2 −0.15(0.5)k−2 Xt−k = Xt − 0.7Xt−1 − 0.15Xt−2 − 0.075Xt−3 − 0.0375Xt−4 + · · · Discuss how the behavior of the weights is related to the properties of the model found in (b). ∞ An ARMA model is only causal if k=0 |ψk | < ∞‚ where ψk are the coefficients from the AR(∞) process found in (c). Note that in out case‚ this infinite sum is given
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ECO204: Solutions to Homework 5 1. True‚ False‚ Uncertain a. False. Methods to eliminating moral hazard include writing efficient contracts between principals and agents‚ bonding and deferred payments. The methods to eliminate adverse selection include sending signals and relying on 3rd parties to verify quality. b. True. When there is asymmetric information‚ it drives out high-quality goods because consumers have a difficult time differentiating between high- and low-quality goods. As a result‚
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Solution: i. Establishment of estimated growth rate in earnings and dividends. XYZ Company’s current EPS is $4.75. It was $3.90 a year ago. The company pays out 35% of its earnings as dividends‚ and the stock sells for $45. a. Calculate the past growth rate in earnings. b. Calculate the next expected dividend. Assume that the past growth rate will continue Answer: If payout ratio is constant‚ then dividend growth rate will be same as earnings growth rate. a) dividend growth rate over
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PROTECTING CHILDREN AND THE YOUTH IN THE INTERNET AND THE MOBILE AGE Internet and mobile technology can bring people together who otherwise would never know each other and create a virtual universe with every kind of information imaginable available at your fingertips. Sounds great‚ doesn’t it? Unfortunately‚ the Internet and mobile age has a dark side. It is full of material that is inappropriate for children and all kinds of predators. But because of it the children and youth need not miss
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types of meditation can be categorized under two headings namely: Religious Meditation and Secular Meditation. The practice of meditation has been linked to all major religions. One of the famous religious meditation is Buddhist meditation which becomes famous around 500 B.C. Transcendental meditation is another type of religious meditation‚ popularized by Indian Maharishi Mahesh Yogi as a mantra system in the 1960s and 70s. However‚ over the last two decades‚ secular meditation that is mindfulness
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Test Item File Electronic Devices and Circuit Theory‚ 9e (Boylestad) Chapter 1: Semiconductor Diodes 1) An intrinsic semiconductor is one that is as pure as present-day technology can make it. 2) Electrons are the minority carriers in an n-type material. 3) Holes are the majority carriers in a p-type material. 4) The quantum-Volt (qV) is the unit of measurement for electron energy. 5) A free electron has a higher energy state than any that are bound to their nucleus.
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Securing America and Protecting Civil Liberties Shanon Joy Cooper Ashford University Pol201: American National Government Final Paper Eliza Gordner July 2‚ 2012 In all aspects‚ the financial crisis of 2008 – 2009 has and is affecting millions of Americans. One key factor to the financial crisis in the American economy has been greed by not only the government‚ but businesses and individuals. Our federal government from the President‚ Congress‚ the Secretary of the Treasury
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1. Identify suitable business data‚ data elements‚ data types‚ and resources‚ based on the following interview between a database analyst and a lecturer from Sutherland University: Business Data Data Elements Data Types Resources Course Course code Course name Course start date Course end date Integer Character Date Date Admin Classes Class name Start date End date Time Location Class capacity Integer Date Date Date time Integer Variable Admin Students Student ID
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Over the years‚ millions of immigrants have come to America in search of a better and prosperous life for themselves and their families. There are some people who might define the “American Dream” as having no real struggles‚ living in a mansion with an endless bank account‚ or having access to every opportunity that there is in life. However‚ the American Dream has somewhat taken on a new meaning for some in our world‚ where it’s less about materialistic things and more about enjoying the lives
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